Northmarq sells Del Mar Terrace in West Valley for $255M

BY: AZ Big Media 

Northmarq Phoenix’s Investment Sales team of Trevor Koskovich, Bill Hahn, Jesse Hudson, and Ryan Boyle represented Tide Equities, LLC in the $255 million ($251,976 per unit) purchase of Del Mar Terrace, a 1,012-unit multifamily community located at 7007 W. Indian School Road in Phoenix.  Northmarq Dallas’s Debt & Equity team of Loren Heikenfeld, Kevin Leamy, Jeff Erxleben, Lauren Bresky and Joel Heikenfeld provided bridge loan financing and buyer’s equity for the acquisition, using their structured finance capabilities to fill almost the entire capital stack. 


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